NBS: Crude steel output in key China hubs falls 2.7% YoY in Jan-July

Crude steel production among China's top 10 steelmaking provinces and autonomous regions declined by 2.7% on year to 416.84 million tonnes over January-July, according to the latest data from the National Bureau of Statistics (NBS) released on August 19.

The rate of decline was slightly faster than the 2.6% fall recorded in the H1 period, mainly due to a sharp decline in crude steel output during July. Last month, crude steel output among the top 10 steel hubs fell 3.8% on year to reach 54.22 million tonnes, as against the